NIFTY View: WEEKLY Basis:
After 3 Week "-VE" Closing, Manage to Close "+VE" & Above GANN Arch "4 X 0"
Can Say Consolidation.
If consider "AB" = Wave - 1, "BC" = Wave - 2,
Then to fulfill criteria of Wave Principle length of "CD" ( as Wave - 3) must not LESS than "AB".
As of NOW CLOSE 9665.8, Above Crucial Level 9633
Why 9633 Crucial ?
As because FIB R 1.618 of BC. (1.618 known as "GOLDEN Ratio")
SCENARIO for BULL Control:
SCENARIO #1: TGT: 9792
Correction Starts from 9792 level, As because 9792 level is FIB Ext. 0.886 of ABC & GANN Arch 4 X 1 (Violet Color)
SCENARIO #2: TGT 10036.70
IF Closed above 979 & Assuming Pattern ABCD Complete.
Then Point "D" = 10036.70, 100 % FIB Ext. of ABC & FIB R 2.0 of BC.
SCENARIO #3: TGT 10372
IF Close above 10036.
Point "B" = 31.39 % of Point Value of "A"
If same Growth i.e. 31.39 % maintaind
Then New High will be at 10372.
Probable Range:
10293 (FIB R 1.618 ob AB) to 100315 1st Ext. ABCD Lvl (FIB 1.13 of CD)
Scenario for BEAR Control:
SCENARIO #4:
Market Won't made NEW HIGH ('H")
1st Correction Level: 9281 (FIB R 0.236 of CH)
2nd Correction Level: 9026 (FIB R 0.382 of CH)
3rd STRONG Correction Level: 8587 (FIB R 0.618)
SCENARIO #5:
Made NEW HIGH ('K") at 9792
1st Correction Level: 9067 (FIB R 0.382 of CK)
2nd Correction Level: 8619 ((FIB R 0.618 of CK)
(can Treat as Extreme Level)
For Daily Levels:
If enriched your knowledge,
Please don't forget to Hit / Click Like button.
Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
After 3 Week "-VE" Closing, Manage to Close "+VE" & Above GANN Arch "4 X 0"
Can Say Consolidation.
If consider "AB" = Wave - 1, "BC" = Wave - 2,
Then to fulfill criteria of Wave Principle length of "CD" ( as Wave - 3) must not LESS than "AB".
As of NOW CLOSE 9665.8, Above Crucial Level 9633
Why 9633 Crucial ?
As because FIB R 1.618 of BC. (1.618 known as "GOLDEN Ratio")
SCENARIO for BULL Control:
SCENARIO #1: TGT: 9792
Correction Starts from 9792 level, As because 9792 level is FIB Ext. 0.886 of ABC & GANN Arch 4 X 1 (Violet Color)
SCENARIO #2: TGT 10036.70
IF Closed above 979 & Assuming Pattern ABCD Complete.
Then Point "D" = 10036.70, 100 % FIB Ext. of ABC & FIB R 2.0 of BC.
SCENARIO #3: TGT 10372
IF Close above 10036.
Point "B" = 31.39 % of Point Value of "A"
If same Growth i.e. 31.39 % maintaind
Then New High will be at 10372.
Probable Range:
10293 (FIB R 1.618 ob AB) to 100315 1st Ext. ABCD Lvl (FIB 1.13 of CD)
Scenario for BEAR Control:
SCENARIO #4:
Market Won't made NEW HIGH ('H")
1st Correction Level: 9281 (FIB R 0.236 of CH)
2nd Correction Level: 9026 (FIB R 0.382 of CH)
3rd STRONG Correction Level: 8587 (FIB R 0.618)
SCENARIO #5:
Made NEW HIGH ('K") at 9792
1st Correction Level: 9067 (FIB R 0.382 of CK)
2nd Correction Level: 8619 ((FIB R 0.618 of CK)
(can Treat as Extreme Level)
For Daily Levels:
If enriched your knowledge,
Please don't forget to Hit / Click Like button.
Disclaimer: Only For STUDY.
For taking Trade Decision Consult Financial Advisor.
Comment:
SCENARIO #1: TGT: 9792
COMPLETED.
Market Test this LEVEL STRONGLY.
COMPLETED.
Market Test this LEVEL STRONGLY.
Comment:
Made a HIGH 9913.30
Nearing "SCENARIO #2".
Though Loosing pace i.e not much STEAM Left.
FnO trader do Cautious Approach.
Nearing "SCENARIO #2".
Though Loosing pace i.e not much STEAM Left.
FnO trader do Cautious Approach.
Comment:
All mentioned in Chart as Call out
Comment:
SCENARIO #2: TGT 10036.70 Completed.
What NEXT ???
SCENARIO #3: Projected TGT 10372
Or Below new Post.
What NEXT ???
SCENARIO #3: Projected TGT 10372
Or Below new Post.
made NEW HIGH at 9782.10
9.90 point behind Mentioned "9792".
When many of analyst Shouting in favour of "BEARS"
I Have mentioned "LONG".
Thanks to Viewers who "Agreed" with my IDEA & Motivate me.